The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-27
A Healthy Distributive Movement in Prog
for July.


A Healthy Distributive Movement in Prog
for July.
INDIANAPOLIS, July 26.
In all departments there is a fair dlstribut1ve
movement of merchandise in progress for the
season of the year. The demand, however, is
of rather a hand to- mouth character. But active
preparations making for the autumn trade
which promises to bring renewed life into every
department of commercial and industrial activity.
Reports from all trade centers show that bust
is a healthy basis. In commenting on
the condition of trade, the New York Shipping
List says: 1.-The cheering outlook of the cotton
crop, which now promises to be one of the larg
est record will stimulate the Southern de-
mand, while heavy corn crop and average
yield of wheat foreshadows continued prosperity
in the West and Northwest Furthermore.
foreign advices indicate that surplus supplies
will meet with ready outlet in Europe at prof
liable prices The influence of disastrous
speculative deals have been successfully
eliminated and liquidated; financial affairs
have worked into good shape, while the
values of all STAPLE commodities sufficiently
low encourage active buying to supply the
actual requirements of consumption. In view
of the fact that high prices generally calcu-
lated to restrict operations at the beginning of
active season. the significance of this feature
should not be overlooked. Under these circum-
stances it is safe say that the feeling of con-
fdence that characterizes the present temper of
nero antile circles is fully warranted by the n
viron ments of the situation. Speculative trad
ing has Deen rather suodued in tone well
in volume, the buIlish temper of coffee being
the only exceptions; but even here there is
evidence of some hesitation. The recent collapse
in values does appear to have shaken the
confidence of Brazil, and the strength of the
position is almost entirely q reflection of the
undiminished frmness shown in that
quarter but Europe does not seem to respond
very readily to the strong upward tendency of
local Exchange, while the stubborn resist
ance of the country trade causes feeling of IN
certainty amolg local dealers. How long the
interior trade refrain from replenshing sup
plies is the question that is now being solved.
but thus far this month the oware-
house deliveries the smallest on record and
it is therefore claimed that the actual necessities
of consumption cannot much longer delay active
buying" Grocers report their trade keeping
up finely. Sugars are moving out we'll and the
numerous articles which come into general use
at this of the year. Mackerel are 10
light supply and tend higher. Canned goods are
on o boom whether the conditions justify it or
not The seed men report some trade and a big
August trade is anticipated. Revisions will be
noticed In our quotations to-day. The produce
markets are fairly active. There seems to be a
scarcity of small fruits. Berries of all kinds are
about out of the market Apples and pears are
abundant, but they are selling at high figures
which checks consumption. Poultry and eggs
are weaker all along the line. Butter firm and
in light supply. The provision market is firm
in tone and good deal is doing in iobbing
way among the grocers, hams and bacon being
the articles most in demand. The firm tone of
the provision market is attributed the pros
pective light corn and hog crop. Dry goods men
are experiencing rather quiet times but are
shaping up matters for big fall trade.
Wheat continues downward In tendency SO
Ear as this market is concerned. while other
markets are stronger in tone. Receipts con-
tinue large, and the milling demand good All
grades of corn firm at quotations and in &C.
tive demand. Receipts light. Oats are in fair de-
maad at about Mondays prices. Track bids to-
dav vera 90 follows.